Gold Market Update : Epic Research Singapore

Gold prices finished sharply higher Thursday, coinciding with a meltdown for the U.S. dollar against the yen, and fresh signals that the Federal Reserve is taking a cautious approach to future interest-rate hikes.

June gold GCM6, +0.06% closed up $13.70, or 1.1%, to $1,237.50 an ounce, after closing on Wednesday down $5.80, or 0.5%, to $1,223.80 an ounce. The metal is on track to log a gain of 1.5% — its best weekly gain since the week ended March 4, according to FactSet data.

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